Consumer Affairs

People who use goods and services.

• Consumers

• Retailers

• Wholesalers

• Institutions

A loan which a building society or bank gives a costumer so he/she can buy a house or land.

• Investment

• Deposit

• Mortgage

• Credit

Someone who buys goods in large quantities and sells them in smaller amounts to shops, and supermarkets.

• Retailer

• Consumer

• Warehouse

• Wholesaler

A person or business that sells goods to the public in small quantities.

• Retailer

• Supplier

• Wholesaler

• Producer

The cost of a single item.

• Selling cost

• Unit cost

• Deposit

• Price

Too much of a product on the market which cannot be sold or used.

• Glut

• Supply

• Demand

• Overcrowding

The amount of goods and services that can be made available for people to buy.

• Glut

• Demand

• Supply

• Consumer Goods

Higglers, vendors, shops and supermarkets are all _______ outlets.

• Service

• Consumer

• Wholesale

• Retail

Buying goods in large quantities in order to buy more cheaply.

• Bulk Purchasing

• Hire Purchase

• Credit

• Hoarding

Which statement is TRUE?

• The consumer is the last link in the distribution chain of a product

• Wholesalers are the last link in the distribution chain of a product

• Higglers are the first link in the distribution chain of a product

• The retailer is the last link in the distribution chain of a product